Garlon Polyfab Industries Ltd Announces Unaudited Financial Results for Quarter Ended December 31, 2017
Garlon Polyfab Industries Ltd has released the unaudited financial results of the company for the quarter ended December 31, 2017. The results were considered and approved by the Board of Directors at a meeting held on January 25, 2018.The standalone financial results of Garlon Polyfab Industries Ltd for the quarter and nine months ending December 31, 2017, have been subjected to a Limited Review Report conducted by Chartered Accountants P. D. Agrawal & Co.
Financial Performance Summary
The provided data shows key financial metrics across various periods. The figures below represent parts of the operational income, expenses, and profit for the reported periods.Financial highlights are detailed in the table below:
| Particulars | Q3 FY 2017 (Unaudited) | Q4 FY 2016 (Unaudited) | FY 2016 (Unaudited) | FY 2015 (Audited) |
|---|---|---|---|---|
| Total Expenses | 26,954.00 | 64 | 6321450 | 8089200 |
| Profit (Loss) before exceptional items and extraordinary items | 26,964.00 | 26964 | 1,05,721.00 | 859200 |
Detailed Financial Figures for the Quarter and Nine Months
The financial data includes a detailed comparison of various metrics across different reporting periods:| Particulars | Q3 Ended December 2017 (Unaudited) | Q4 Ended 2016 (Unaudited) | FY 2016 (Unaudited) |
|---|---|---|---|
| Total Expenses | 26,954.00 | 64 | 6321450 |
| Profit (Loss) before exceptional items and extraordinary items | 26,964.00 | 26964 | 1,05,721.00 |
Comprehensive Income and Equity
The company's performance is reflected in its comprehensive income, which includes share capital and reserves. Paid up equity share capital stands at 46,132,000 across all reported periods (Q3 FY 2017, Q4 FY 2016, and the year ended 2015).Review by Chartered Accountants
P. D. Agrawal & Co. reviewed the unaudited financial results for the quarter ended December 2017. The firm stated that based on their review conducted in accordance with Standard on Review Engagement (SRE) 2410, nothing has come to their attention that causes them to believe that the Statement has not been prepared in all material respects in accordance with Ind AS and other recognized accounting practices and policies, and has not disclosed required information.The firm also noted that they were not engaged to review the comparative figures including reconciliation to the Total Comprehensive Income for the quarter ended on December 2017, as these figures were furnished by the Management.
Stock Price Movement
Garlon Polyfab Industries Ltd shares are edging higher as of 15:15, currently valued at ₹3.31 and showing a substantial gain of 19.93%. However, the stock is trading completely flat, as its intraday high and low remain locked precisely at ₹3.31.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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